Analyst
Candidate must have University GPA over 3.2 and must not have an MBA degree
Candidate must (or will) have graduated from a Top 15 University
Candidate must have demonstrated interest in finance
Candidate must have the ability to work long hours, be highly analytical, and become a master of Microsoft Excel
Candidate total years of experience must be less than 3 years
Associate
Candidate will normally have 2 years of experience as an Analyst at this bank or other similar bank
Candidate must have demonstrated advisory experience on M&A transactions
Candidate must have the ability to manage analysts and be respected by analysts
The restriction on number of years as an analyst can be relaxed if at least 2 associates recommend the candidate strongly
Principal
Candidate must have an MBA degree from a full-time two-year program
Candidate must have 4+ years of experience in investment banking, familiar with various M&A strategies, familiar with valuation methodologies
Candidate must have experience managing analysts, managing due diligence for an advisory project, and interacting with clients
Candidate must have 3 strong recommendations from either other associates or principals
Assume that all students finishing up university have zero years of work experience.
For each of the following statements, select Conclusively Eligible if the candidate is absolutely eligible for the position he/she is applying for. Otherwise, select Not Conclusively Eligible.
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Joe has 5 years of experience at a large bank doing insurance underwriting and modeling. He is currently at a top 3 business school (Harvard Business School), and wishes to apply for the position of Principal once recruiting begins in the fall.
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Brian studied computer science with a GPA of 3.4 from a Top 15 University. After the internet bubble burst, he applied his analytical skills to learning excel and financial modeling in his free time. He is applying as an Analyst during his senior year in school.
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Patricia has been working in healthcare consulting for 2.5 years. While consulting has been eye-opening and intellectually stimulating, she is growing tired of living out of a hotel and always being on the go. Some friends suggested she consider a job as an investment banking analyst - less travel but more hours into the weekends. Curious, she decides to pass her resume along to her friend for the position of Analyst.
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